However, both Nokia and Samsung have kept quiet on the subject, according to the WSJ, with Samsung stating: "It seems like a market rumor and we don't comment on rumors."

Why?

There seems to be little point in Samsung taking over Nokia's phone business, particularly given that it already has its own Windows Phone 7 handset in the UK, the Samsung Omnia 7, with more planned for the future.

Nokia's stock plummeting in value and its ever-decreasing market share appear to be fuelling speculation that it is in line for a takeover. Selling to a rival would be a massive fall for a brand that was at the top of the mobile phone game just seven years ago.